We cover the basics and more about personal finance, answering frequently asked questions about credit and debt, identity theft, saving for college, retirement, estate planning, insurance, taxes, job hunting, and raising money-savvy kids. Check out the articles, columns, blog posts, radio shows and videos for tons of personal finance advice.
100 Percent Investment Property Loans
Investing in real estate? When it comes to investment property, 100 percent financing has always been hard to get. These days the big guys still have access to lending sources and financing for their investment real estate purchases. However, if you are a new comer to real estate and are looking to finance investment property, you had better have money to put down. If you need help on how to find financing for an investment property, you won't be alone. As less lenders are willing to work with buyers and borrowers of investment real estate properties, buyers and borrowers of investment real estate properties are having a hard time. Seller financing may be an option for some investment properties, but having quite a bit of money to put down on the purchase will also help real estate investors.
Selling Home To Mortgage Company
A homeowner is upside down in debt and falling behind on mortgage payments -- until a mortgage company offers to buy the home for six months to help them get back on track. Selling the home to a mortgage company means the homeowner would be giving up all control of the home. The homeowner should look at some other options before risking the offer from the mortgage company.
Choosing the Right Mortgage for Your Finances
The world is your oyster when it comes to picking a mortgage. There are all sorts of interesting and creating financing techniques that lenders are coming up with to cater to the booming real estate market. Mortgage companies are waking up to the fact that people have incomes that vary, and managing cash flow can be a very effective tool when it comes to a payment as big as a mortgage. Make sure you are picking the mortgage that best suits your financial needs.
Refinance Auto Loan For Lower Interest Rate
A bad credit history (including a bankruptcy) can make it tough to refinance your high-interest loans. Get a copy of your credit report and start talking to auto and home loan lenders. You might find the lenders are interested in helping you out and you could save a boatload on interest payments in the process.
The Right Investments For Retirement Funds
Cashing in a 401(k) is no way to reinvest your retirement funds. You have several options for reinvesting your funds to build up for your retirement by transferring your IRA from an old employer. Reinvesting your retirement funds, rather than cashing them out, will keep you from paying fees and penalties from the early withdrawal.
Ilyce Glink on WSB Radio – July 3, 2005
Ilyce compares our current way of life with the "good old days" after WWII, when most families lived on one income and people weren't concerned with health care prices and paying for retirement. As always, Ilyce takes calls on a variety of topics, this time including immovable tenants and raising children.
Mortgage Loan And Title Have Different Names
When you get divorced you likely have to work out who will keep your home and pay the mortgage. It's not a good idea to have someone pay the mortgage whose name is not on the mortgage loan. It's possible in that situation that the person making the mortgage payments will decide to stop and it will negatively affect the credit of the person whose name is on the mortgage loan. The names on the mortgage loan documents and the title to the house should match.
Ilyce Glink on WSB Radio – June 26, 2005
Ilyce discusses inflated CEOs' paychecks, the recent trials against corporate executives, and what shareholders are getting from these overpaid execs. She asks shareholders, "Why are we paying them so much money?" Other topics and calls for this episode include identity theft and buying property.
Taxes For Contest Winners
When you win a contest, it's like winning the lottery. You get the goods but you have to pay tax on your winnings as personal income rather than capital gains. The difference can be pretty dramatic in terms of taxes owed. Many people choose to take a cash payment instead of the prize, because they will have the cash to pay any applicable taxes.
Ilyce Glink on WSB Radio – June 19, 2005
This special 2-hour long Fathers' Day edition highlights the great advice our fathers have given us, including Ilyce's father's advice "Do what you love and the money will follow." Also included in today's show are the following topics: student loans, social security, the Dennis Kozlowski trial verdict, and "What IS rich?"